Are you worried about being able to afford a home?

Many young Canadians are feeling that they will never be able to afford to purchase a home.

This can be disheartening and difficult to navigate.

If you believe that owning a home is worthwhile and important to your future, then you need to have a plan.

Mortgage brokers have stories to tell, and while we keep your privacy paramount, we do love to talk amongst ourselves about specific mortgage deals we’ve been able to get approved against all obstacles! Mortgages are complicated (despite what some might try to tell you), but as mortgage brokers, we LOVE the challenge of a complicated mortgage application and the thrill we get when we are able to tell our clients that their mortgage is approved, and the thrill of telling our colleagues how smart we are, is almost as good! 

There are hundreds of financial institutions and financial experts who want your business. They all claim to have the best rates and the best service. They all have plans and promotions. They all have angles.

In the spring of 2020, in order to keep you safe, mortgage brokers, lenders, lawyers, appraisers and title companies, realtors and home inspectors have all come together to offer you mortgage solutions that are either contact free or require minimal contact with your safety in mind.

I hope everyone is well and remaining sane during this time of isolation and stress. For those of you who are still working in positions that are essential or where you are at risk, please know that I am so grateful for you and I hope that before anything else you are able to look after your own health and do not feel uncomfortable about doing that.

Finding the right mortgage for your specific needs at the best possible rate can be difficult. Below are a few questions to ask before deciding which product is right for you 1. What is the rate drop policy with respect to pre-approvals? A good lender will pre-approve you at a certain rate for 120 days. If rates drop during that timeframe and you decide to close on your mortgage, you should qualify for the lower rate. If rates increase, you still have the benefit of the lower rate 2. What factors can affect my approval? While a lender may pre-approve you at a certain…

As a small business owner, in case you don’t already know; you are measured against a higher bar when obtaining mortgage financing. In order to qualify for traditional mortgage financing you must meet all the following criteria:

Mortgage brokers maintain contact with an extensive network of lenders, and this shortens your search for favorable home loan options. Mortgage agents also have good knowledge of the different lending rules, and they offer you their services at no added charge.

When you are purchasing from a builder, there are a few questions to ask about financing:

How long before your new home will be ready? (this is important and may affect your rate hold options)

What type of mortgage is required?

As an Axiom Broker, my role is to take a longer term view and create options to help you to plan for the worst. Life happens, and circumstances beyond your control; job loss, health issues, business challenges, lawsuits, divorce, etc. can quickly derail even the best of us and put us in a difficult financial position.

The following Zero Cost Insurance Plan creates a safety net via strategic use of pre-payment
privileges. This goes well beyond the simplistic “skip-a-payment” policy offered with many lenders.

Getting a mortgage approved and reaching the end of its term is just one phase of your home loan journey. As long as you owe a balance at the end of your mortgage term, you will need to renew your agreement for another term. If you don’t renew, the mortgage holder (lender) can demand the balance amount in full from you.

Connie Graham, mortgage broker at Axiom Mortgage Solutions Inc. wishes you and your family a blessed and wonderful Holiday Season, and a happy, healthy, and peaceful New Year 2019!

You are pretty awesome for supporting my small business. A big thank you to you all, from your local Edmonton mortgage broker.

I understand that sometimes re-financing your home to consolidate debt and lower your monthly payments is necessary and I try to make the process as simple as possible.

As an expert in mortgages, I’ve created a handy checklist to help you complete refinancing your home with as little stress as possible. Follow my checklist to refinance your home quickly so that you can get back to the important things in life.

Buying a house for the first time is an exciting experience, however, many people take very little time to consider their options before making a decision, and that’s because it’s an unfamiliar experience. During the home buying process, there are different stages you need to expect and prepare for. When you are aware of what is required buying a house becomes easier. You’ll know what to expect and what questions to ask for your benefit.

I am delighted to announce the launch of my new website!

New Website Coming Soon!